The Board of Investments facilitated the groundbreakings of two Green Lane-certified solar projects of Vena Energy Group in Ilocos Norte. The projects include a 74.089-megawatt Astra Solar Energy Corp. project in Currimao valued at P3.76 billion and a 416.025-megawatt Opus Solar Energy Corp. project in Paoay worth P20.541 billion.
The Board of Investments (BOI) expedites the development of two major renewable energy projects in Northern Luzon after facilitating their groundbreakings this week. The projects include a 74.089-megawatt Astra Solar Energy Corp. project in Currimao valued at P3.76 billion and a 416.025-megawatt Opus Solar Energy Corp. project in Paoay worth P20.541 billion.
Through its One-Stop Action Center for Strategic Investments, the BOI coordinated with project proponents and government agencies to fast-track permits and resolve processing bottlenecks under the Green Lane for Strategic Investments. As of April 30, 2026, Vena Energy Group had secured 15 Green Lane-certified projects with a combined investment value exceeding P240 billion, supporting the expansion of the country’s renewable energy capacity and infrastructure development agenda
Board Of Investments Green Lane Strategic Investments Renewable Energy Projects Solar Energy Corp. Utility-Scale Solar Facilities Clean Energy Greenhouse Gas Emissions Infrastructure Development Agenda Approved Investments One-Stop Action Center Pré-Development Execution
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jollibee Foods Corp. Implements Cost-Containment Plan Amid Tough Market ConditionsJollibee Foods Corp. (JFC) is implementing a cost-containment plan to save up to P2.8 billion amid tough market conditions. The company is rolling out measures in the last three quarters of the year to meet its 2026 financial targets. Despite inflationary pressures and geopolitical tensions weighing on global markets, JFC remains on track with the planned 2027 initial public offerings (IPOs) of its international business and Vietnam-based Highlands Coffee. The company reported strong franchise demand, particularly in the United States, where it has attracted large multi-unit franchise operators. JFC’s South Korean coffee business, Compose Coffee, is on track to open around 360 franchise stores this year. Nearly 70 percent of JFC’s more than 10,000 global stores are currently franchised as the company shifts toward an asset-light expansion strategy.
Read more »
Department of Energy Fast-Tracks Renewable Energy DevelopmentsThe Energy Department is expediting renewable energy projects, citing fuel market volatility and geopolitical factors, to boost the country's energy transition. The Olongapo solar power project is a key example.
Read more »
BOI Accelerates Renewable Energy Projects in Northern Luzon After Facilitating Groundbreakings, Green Lane Certified Vena Group Projects Include Astra Solar in Currimao and Opus Solar in PaoayThe Board of Investments (BOI) facilitated the groundbreakings for two major renewable energy projects in Northern Luzon, which are Green Lane certified Vena Group projects. The two projects include the 74.989-megawatt Astra Solar Power Project in Currimao, Ilocos Norte and the 416.025-megawatt-peak Opus Solar Project in Paoay.
Read more »
Vena Group's Astra Solar and Opus Solar Projects to Generate Clean Energy and Reduce EmissionsThe Vena Group has announced the commencement of two large-scale solar power projects, Astra Solar Energy Corp.'s 80.6 MWp Solar Power Project in Currimao and Opus Solar Energy's 300 MWp Opus Solar Project in Bacsil and Mumulaan. These projects are expected to supply power to thousands of households and avoid substantial greenhouse gas emissions, creating economic benefits and supporting the Philippines' energy transition to cleaner sources.
Read more »